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labwork [276]
3 years ago
13

1. Which type of loan most often involves long-term repayment over 30 years?

Social Studies
2 answers:
Marizza181 [45]3 years ago
8 0
C. mortgage loans

People that use them to buy houses are often stuck paying it off for the rest of their lives.

solong [7]3 years ago
3 0

The correct answer is: "mortgage loans".

Mortgage loans are a debt instruments which are used by customers when they want to make large real state property acquisitions and they do not count with the total amount of money necessary to give to its former owner up front.

This type of loan is usually repayed, plus interest, over a long time period, which usually lasts between 20-40 years. Usually a collateral is needed to back such a loan.

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